Innovate (VATE) Intangibles (2010 - 2025)

Innovate (VATE) recorded quarterly Intangibles of $165.2 million in Q4 2025, down 1.08% quarter-over-quarter from $167.0 million in Q3 2025, and down 4.18% on a YoY basis from $172.4 million in Q4 2024.

Innovate (VATE) Intangibles (2010 - 2025) Analysis & Trends

Innovate's Intangibles history runs 16 years deep, the most recent figure standing at $165.2 million for Q4 2025.

  • In Q4 2025, Intangibles fell 4.18% year-over-year to $165.2 million; the TTM figure through Dec 2025 stood at $165.2 million (down 4.18% YoY), while the FY2025 annual figure was $165.2 million, down 4.18% from the prior year.
  • Intangibles was $165.2 million for Q4 2025 at Innovate, down from $167.0 million in the prior quarter.
  • In the past five years, Intangibles ranged from a high of $222.0 million in Q2 2021 to a low of $165.2 million in Q4 2025.
  • Historically, Intangibles has averaged $184.8 million across 5 years, with a median of $179.8 million in 2023.
  • The sharpest annual moves came in 2021 and 2022: Intangibles dropped 24.08% in 2021, then rose 22.2% in 2022.
  • A 5-year view of Intangibles shows it stood at $208.4 million in 2021, then declined by 8.78% to $190.1 million in 2022, then decreased by 5.89% to $178.9 million in 2023, then dropped by 3.63% to $172.4 million in 2024, then decreased by 4.18% to $165.2 million in 2025.
  • The last three Intangibles figures came in at $165.2 million (Q4 2025), $167.0 million (Q3 2025), and $168.6 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Intangibles (Qtr)
1 Quanta Services 103.56 Bn 103.29 Bn 1.11 Bn 2.72 Bn
2 Comfort Systems Usa 64.33 Bn 63.28 Bn 754.41 Mn 464.77 Mn
3 Emcor 36.81 Bn 35.90 Bn 863.95 Mn 1.09 Bn
4 Mastec 27.54 Bn 27.38 Bn 477.90 Mn 761.20 Mn
5 Sterling Infrastructure 25.78 Bn 25.28 Bn 194.30 Mn 548.01 Mn
6 APi 18.83 Bn 18.18 Bn 620.00 Mn 1.62 Bn
7 Jacobs Solutions 14.81 Bn 13.43 Bn 794.89 Mn 640.01 Mn
8 IES Holdings 14.35 Bn 14.09 Bn 254.79 Mn 58.45 Mn
9 Dycom Industries 13.61 Bn 12.90 Bn - 925.95 Mn
10 Innovate 231.31 Mn 133.11 Mn 58.90 Mn 165.20 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 165.20 Mn
Sep 30, 2025 167.00 Mn
Jun 30, 2025 168.60 Mn
Mar 31, 2025 170.40 Mn
Dec 31, 2024 172.40 Mn
Sep 30, 2024 173.40 Mn
Jun 30, 2024 175.10 Mn
Mar 31, 2024 177.10 Mn
Dec 31, 2023 178.90 Mn
Sep 30, 2023 180.80 Mn
Jun 30, 2023 182.60 Mn
Mar 31, 2023 186.10 Mn
Dec 31, 2022 190.10 Mn
Sep 30, 2022 194.30 Mn
Jun 30, 2022 198.40 Mn
Mar 31, 2022 204.20 Mn
Dec 31, 2021 208.40 Mn
Sep 30, 2021 213.10 Mn
Jun 30, 2021 222.00 Mn
Mar 31, 2021 167.10 Mn